Buying a home in Surrey, B.C., is an exciting time! You're about to take a big step, so you'll need some advice from a Mortgage Broker Services. We'll give you the facts your bank won't tell you about financing your first home. With access to multiple lenders, we'll help you find the Best Mortgage Rates in Surrey and the best mortgage options to help you buy your dream home. We're local and know the ins and outs.
Mortgage refinancing pays the current mortgage or any other credits or debts against your property and creates a new mortgage. A refinancing can occur when you take out a new mortgage on your property with a whole new set of terms and conditions and at a new interest rate. This may be an alternative to taking a more expensive second mortgage to cover expenses such as your home's renovation.
If you want to get a mortgage with the least amount of legal restrictions possible, then this can be the mortgage for you. Private lenders are individuals or even private corporations that will lend you money using the remaining equity strictly in your house as security. They typically don't look at any past credit issues or income, as they look to get a return on their investment and are therefore more expensive than banks and non-bank/alternative lenders. They get you the money you need quickly and with minimal requirements from you.
